Financial Lp Hrt Buys 1,937,244 Shares of YY Group (NASDAQ:YYGH) Stock

YY Group Holding Limited (NASDAQ:YYGH) major shareholder Financial Lp Hrt acquired 1,937,244 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $0.14 per share, for a total transaction of $271,214.16. Following the purchase, the insider owned 2,221,086 shares of the company’s stock, valued at $310,952.04. This trade represents a 682.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 17th, Financial Lp Hrt bought 555,884 shares of YY Group stock. The stock was bought at an average price of $0.13 per share, with a total value of $72,264.92.
• On Friday, June 12th, Financial Lp Hrt sold 1,523,686 shares of YY Group stock. The shares were sold at an average price of $0.12, for a total value of $182,842.32.

YY Group Stock Performance

Shares of NASDAQ:YYGH traded down $0.05 during trading on Thursday, hitting $0.08. 78,793,279 shares of the company traded hands, compared to its average volume of 15,082,916. The business’s fifty day moving average is $0.82 and its 200-day moving average is $5.96. YY Group Holding Limited has a one year low of $0.07 and a one year high of $172.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13.

YY Group shares are set to reverse split before the market opens on Tuesday, June 23rd. The 1-30 reverse split was announced on Thursday, June 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 22nd.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on YYGH shares. Weiss Ratings downgraded YY Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. Wall Street Zen upgraded YY Group to a “sell” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YY Group stock. Virtu Financial LLC grew its holdings in shares of YY Group Holding Limited (NASDAQ:YYGH) by 213.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,956 shares of the company’s stock after buying an additional 104,141 shares during the period. Virtu Financial LLC owned 0.27% of YY Group worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

YY Group Company Profile

YY Group Holding Limited, a data and technology driven company, provides manpower outsourcing and cleaning services in Singapore and Malaysia. Its cleaning services include commercial cleaning for offices and schools; hospitality cleaning for hotels and shopping centers; industrial cleaning, facade cleaning, disinfection, and stewarding services for meetings, incentives, conferences, and exhibitions, as well as banquets; and pest control services. The company also offers cleaning robots and machines to enhance cleaning performance by deploying them at designated premises.